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Iranian actors demand crypto for safe passage in Strait of Hormuz

Iranian actors demand crypto for safe passage in Strait of Hormuz

Greek maritime risk firm MARISKS reports that unknown actors claiming to be Iranian authorities are demanding cryptocurrency fees for safe passage through the Strait of Hormuz, and the Polymarket contract for crude oil hitting $90 by June is at 61% YES.

The Strait of Hormuz handles about 20% of global oil trade. The reported crypto demands have traders watching for potential disruptions to oil flows. The crude oil market for June 30 sits at 61% YES with 71 days left to resolve, pricing in the possibility that geopolitical tension pushes oil prices higher.

This event also touches Bitcoin directly, since the alleged Iranian actors are demanding crypto rather than fiat currency. The Bitcoin market for April 18…

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